The companies that have left or who continue to trade in Russia - as monitored by team of Professor Jeffrey Sonnefeld from Harvard University. They have monitored over 1400 companies in Russia. som.yale.edu/story/2022/ove…
2/7. This list shows 1000 companies have curtailed (clean break) their activities in Russia including: Mc Donalds, Starbucks, Dell, Addidas, H&M, T Mobile and BP. Some companies have “scaled back” activities, including VW, Sony, Samsung, Alphabet, Lego and Pepsi.
3/7 There are some companies that are Digging In and continue trading in Russia, including Siemens Healthineers, Air China, Tom Ford, Fridays, BT Group, Liebherr and Heineken, (over 240 of them digging in).
4/7
FYI - I recommend you read @P_Kallioniemi post at this point.
5/7 @JeffSonnenfeld talks to #DWNews about the importance for media not to confuse the early movers exiting Russia with those using platitudes and continue to trade. I think this is important, because social media is fertile grounds for disinformation and wrongful accusations.
6/7 The Yale list is graded and evaluated every night, so visit the link and keep up to date with the right information on companies. Remember the key message, over 1000 companies have completely pulled out!
7/7 This is largely due to public scrutiny and customer, investor and employee feedback - they have been compelled to leave russia and that is why WE need to keep shining the spotlight on companies fuelling the russian economy and war machine.
Please visit the list link provided and follow @JeffSonnenfeld and @P_Kallioniemi for more views and information on businesses trading in Russia.
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1/15 The state of the Russian Economy: A layman’s guide: I will try to summarise the latest analysis of the Russian economy. Lengthily tweet - if you are interested..
2/15 It claims that russian GDP shrunk by just 2.1% in 2022, against a World bank projection of -11%, and the IMF projects a 0.3% increase in GDP in 2023.
The is a problem with these projections; these institutions rely only on Rosstat declarations and figures !
3/15 Professor Jeffrey Sonnefeld from Harvard University with 40 volunteer academics researching the Russian economy 24/7 in the past year has unpicked the russian propaganda on the economy: He cautions that global institutions are canonising fictitious projections from Rosstat.